SK Telecom (NYSE:SKM) today announced that SK Planet Chief Operating Officer (COO) Jang Dong-hyun has been appointed as the new President and CEO of SK Telecom.

Since joining SK Telecom in 2000, Jang has served various key positions, including Head of Strategic Planning Division and Head of Marketing Division. Then in January 2014, he took the COO position at SK Planet, the platform subsidiary of SK Telecom.

After graduating with a master’s degree in Industrial Engineering from Seoul National University, Jang started his career at Yukong (now SK innovation) in 1991.

With his extensive experience accumulated over the past 23 years, Jang is expected to steer the company to sustained growth amidst rapidly changing market conditions by focusing on its core strength as a network operator and developing new businesses.

About SK Telecomd

SK Telecom (NYSE: SKM, KSE: 017670), established in 1984, is Korea’s largest telecommunications company with more than 27 million mobile subscribers, accounting for over 50% of the market. The company reached KRW 16.602 trillion in revenue in 2013. As the world’s first company to commercialize CDMA, CDMA 2000 1x, CDMA EV-DO and HSDPA networks, SK Telecom launched the nation’s first LTE service in July 2011. SK Telecom also became the world’s first mobile carrier to launch 150Mbps LTE-Advanced and on June 26, 2013 and 225Mbps LTE-Advanced on June 19, 2014 through Carrier Aggregation. Backed by rapid nationwide deployment, a rich device lineup and diverse mobile value added services, the company secured over 16.3 million LTE and LTE-Advanced subscribers as of October 2014. Also, based on its strength in network operations business, SK Telecom is seeking new growth engines by building ICT convergence business models in areas of healthcare, enterprise solutions, media and education. For more information, please visit www.sktelecom.com or email to press@sktelecom.com